The Globe and Mail reports in its Tuesday, June 24, edition that the market continues to undervalue Aecon Group, which is poised well for a stock rally over the next year, says Canaccord Genuity analyst Yuri Lynk. The Globe's Darcy Keith and Tim Shufelt write in the Eye On Equities column that Mr. Lynk says while the contractor historically trades at a 10-per-cent discount to its peers, the current discount of 15 per cent is unwarranted. Mr. Lynk says, "We would be using recent underperformance in Aecon shares to establish or add to a position in anticipation of three catalysts." The catalysts are an abundance of large projects the company is pursuing, a seasonal lift to earnings in the second half of the year and a narrowing of Aecon's valuation discount. Mr. Lynk reiterated his "buy" recommendation on and maintained a $21 price target. The analyst consensus price target for Aecon Group over the next year is $21.27. Raymond James analyst Frederic Bastien downgraded Aecon to "outperform" from "strong buy" in the Eye column on Dec. 4, 2013. Mr. Bastien made the cut following an impressive run for Aecon stock. He hiked his target to $18 from $16. The shares were then going for $14.90.